The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-14
FINANCE and COMMERCE.
HONEY 8 TO 8 PER CENT, NEW
YORK EXCHANGE 1-S PREM.
Cotton Firm - Middling Cotton,
1Ic-Ssles Yesterday en-
important.
APPEAL 0TrIcE.
MKMPHN, TRNN., June Is, 1887.

MLMPHH. TsNx., June Is, lSS7.C
The money market remains steady
and unchanged, with rates for loans at 6 to
per cent. The market for local and other So
surities is very quiet. the Stock Exchange
recording but one transaction today-l0
shares of Cotton Exchange Building Compa-
ny Is at Sic.
The local eoston market stands firm and
unchanged: nideling, lie. Sales today IN
important. Tive cotton blooms were receiv-
cd today, one BY Porter. McCrAs 4 Co., from
the Disco. 4 Speaks plantation, Bolivar
county, Miss. and the other by the APPKAL
sfice, from O. B. Jones & Co.'S plantation,
at HNnaburg Landing, Arkansas river.
At New York SPOTS closed quiet and steady;
middling, II 5 leo. Futares closed easy and
Of 7 TO 10 points on the old crop and to
points of on the nsV; June, ll.139l1 lac.
The New Orleans 81 OF market closed quiet
and UNCHANGED; middling, 1910. Futures
closed steady and Of to point, on the old
crop and points off on the new; June nom
iAal; July, 1O.799lO.soc.
Spots at Liverpool we're firm, fair demand;
middling. 81. Futures closed quiet ard
steady and advanced 2 points; Jure. 5 Esd,
sellers.
leading New York cotton circular says
of the future market: SIT was only mod.
erately active market all day, one or two
temporary hardening tendencies failing to
find support, AID at the close rates were to
l0points lower with the tone rather tame"
Grain is quiet at the leaiiug markets, and
AFaviainna ataoAu Ghan1lar Rrn-n 4 ~
Of Chicago, in their weekly reviow, of the
18th instant. of the grain trade, say that
"Values have not materially deprecated for
cash wheat, bat there is still consider BILE
short interest in June-estimated at I, 0O0, 900,
bushels, and as the oeVa.ors of the city are
practically full, the chances are that out
standiI shorts cannot settle their co tracts
BY shipments Of wheat from this country.
The side tracks Of this city are filled with
loaded cars waiting to go into store-ssti-
mated at 5000 cars, The price of this option
closed firmly held at 9215c. Receipts have
been unusually heavy. A heavy export bus
mess continues. Cl,srances have been I'M
usually large, aggresating about $500 90
Bushels of wheat. Corn ruled weak and
lover"
The grocery market continues firm, while
coffee as taken headlsug plunge down
ward at New York. The latest dispatch re-
ceived tonight states that the bull operators
became panic stricken and rushed to sell
without esard to price. The bulls blame
the Gruner Gresham syndicate for starting
the decline which ended in panic. The
price was II cents q pound, over a cent be-
low Saturdays close. No rally could be had
and soon the price fell eff until it reached Is
cents pound. The extreme decline Is from
A.3Oc two weeks ago to Is cents today, or
over 81 cents pound. The failures an
Aounced were G.. Arnold 4 Co Norton,
Neyles 4 Beyan and Mackay 4 Small. The
estimated liabilities of Arnold & Co. will
amount to over 81 100000 MacKay & SmalI's
liabilities are estimated at 500, 200. Pota-
toes and apples are coming into market
freely; prices unchanged.
IMPORTS.
Three bundled ard eighty, seven SKIS bran,
24 pkgs bacon, $50 pkgs boots and shoes,
5eW bu corn, Pkgs cheese. S6s SKIS cOffss.
Pkgs dry goodt, 50 pkSs eggs, 1900 brls
-four. 1900 bales hay, IA pkgs hats, 10l hid
sheep. % hd cattle, y I'D horsei and mules,
1900 pkgs lard, l62 600 feet lum Der, 70 pkgs
Liquors, car lime, 20 brls meal, IT'S brls
molasses, 5000 bu oats. 3I1 b Is potatoes, Is
ears pork sides, IS pigs rice, 400 brls sugar,
$50 .pkgs tobacco,
r. BVAT0R REPORTS.
The following shows the amount of grain
received, WITHDRAWN and in store by regular
elevators, as reported to the Merchants hx-
change yesle-uay: COTn-received, 239 bu;
Withdraw n, 1893 bu; in st re H,l47 bu. Oats
received, l0I5 Blu; withdrawn, 1854 bu; in
store, IL, 374 u.